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Jaipur (Rajasthan) [India], February 7:<\/strong> Dynamic Cables Limited (DCL),\u00a0a Jaipur based leading power cable manufacturer reported sales of\u00a0Rs\u00a0192.3\u00a0Crs\u00a0for Q3\u00a0FY24,\u00a0growth of\u00a025%\u00a0over Q2FY23. Company reported an EBITDA of\u00a0Rs\u00a018.0\u00a0Crs\u00a0and PAT of\u00a0Rs\u00a07.5\u00a0Crs\u00a0during the\u00a0quarter, up\u00a034.8%\u00a0and\u00a047.8%\u00a0on\u00a0QoQ\u00a0basis respectively. During Q3\u00a0the EBITDA margin was at\u00a09.4%\u00a0as compared to\u00a08.7%\u00a0in previous quarter\u00a0and9.3%\u00a0in the same quarter previous year.\u00a0The management has indicated that India\u2019s robust macroeconomic environment, coupled with supportive structural measures and a\u00a0pickup\u00a0in private and government capital expenditure, is\u00a0leading to\u00a0substantial demand for\u00a0the company\u2019s\u00a0product range. The\u00a0rapid\u00a0pace of urbanization,\u00a0improved\u00a0budgetary allocations for capital expenditure, and\u00a0swift\u00a0infrastructure expansion further contributes\u00a0to\u00a0the\u00a0positive outlook on the demand trajectory for\u00a0company\u2019s offerings.\u00a0<\/p>\n Notably, as of December 31, 2023, the company\u00a0also recordedits highest-ever order book, amounting to\u00a0~\u00a0Rs. 519 Crs,\u00a0laying a foundation for sustained business momentum.\u00a0This, coupled with improved credit rating, increased production capacity\u00a0and higher contribution from international business has placed the company in a prime position to deliver value for its stakeholders.\u00a0<\/p>\n Commenting on the results, Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited said:\u00a0\u201cDuring\u00a0the quarter and nine months ended on 31st\u00a0December 2023, our company maintained its\u00a0strong growth trajectory\u00a0and delivered highest ever revenue.\u00a0Momentously, our company closed the quarter with its highest-ever order book, which will serve as a catalyst for fueling the business growth as we look to power ahead with strong momentum.<\/p>\n This\u00a0robust order book combined with our order fulfillment capacity provides a strong growth visibility and company\u2019s determination to develop new products with better margin profile will put us on the track to set new milestone in coming quarters.\u201d<\/p>\n About Dynamic Cables Ltd.:<\/strong><\/p>\n Dynamic Cables Ltd. is manufacturer of power infra cables that includes LV, HV, MV, EHV, Power control & instrumentation cables, and signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients. Company has 3 manufacturing plants are situated at Jaipur and Reengus. Business operations are managed through corporate office in Jaipur and 5 regional sales offices across India.<\/p>\n If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":" Jaipur (Rajasthan) [India], February 7: Dynamic Cables Limited (DCL),\u00a0a Jaipur based leading power cable manufacturer reported sales of\u00a0Rs\u00a0192.3\u00a0Crs\u00a0for Q3\u00a0FY24,\u00a0growth of\u00a025%\u00a0over Q2FY23. Company reported an EBITDA of\u00a0Rs\u00a018.0\u00a0Crs\u00a0and PAT of\u00a0Rs\u00a07.5\u00a0Crs\u00a0during the\u00a0quarter, up\u00a034.8%\u00a0and\u00a047.8%\u00a0on\u00a0QoQ\u00a0basis respectively. During Q3\u00a0the EBITDA margin was at\u00a09.4%\u00a0as compared to\u00a08.7%\u00a0in previous quarter\u00a0and9.3%\u00a0in the same quarter previous year.\u00a0The management has indicated that India\u2019s robust macroeconomic environment, coupled […]<\/p>\n","protected":false},"author":1,"featured_media":44223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[3],"class_list":["post-44222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=44222"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/44223"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=44222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=44222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=44222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}